GSB expects to turn profitable in FY20

KUALA LUMPUR (Dec 23): Property developer GSB Group Bhd, which has been loss-making for the last six consecutive years, expects to turn profitable in the current financial year ending March 31, 2020 (FY20), driven by sales contribution from its three ongoing property projects.

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BNM approves Bank Pembangunan-Danajamin merger talks

KUALA LUMPUR (Dec 23): Bank Pembangunan Malaysia Bhd (BPMB) and Danajamin Nasional Bhd have received Bank Negara Malaysia's (BNM) approval to commence negotiations under the first phase of the government's proposed merger involving the country's development financial institutions (DFIs).

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Harvest time for IGB

PETALING JAYA (Dec 23): IN a slow real estate market, most property developers have allayed investor fears with the huge land banks they have amassed and the value these can create.

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